Originally Posted by
industry insider
MickG0105
Honestly, it would be hard to find an aircraft lessor to buy and leaseback 25-30 year old high time high cycle Saab 340s which are worth around $700k each.
You would think so, wouldn't you? But in yesterday's ASX release Rex said that they had
... lessors willing to provide $AUD30 million for 15 of Rex's fleet of 60 unencumbered Saab 340 aircraft ...
The only way I can see that working is that if the lease-back is way above market or it's the same lessor that's going to provide them with their fleet of NBs and they're doing a little swings and roundabouts accounting.